High costs tarnish Fortescue's appeal

Fortescue has survived last year’s near death experience but remains a sell.

Higher iron ore prices and a lower Australian dollar over the past three months have put a spring in the share price of Fortescue Metals Group but it would be unwise to see the recovery as anything more than an opportunity sell into what will be a short-term recovery.

Over the next few months FMG could move up from its current share price of around $3.78 towards the $4 mark but by the December quarter a new reality will settle on the stock.

The critical issues for FMG include:


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